Fortune magazine is predicting more millennials will be moving to the suburbs.

Fortune magazine is predicting more millennials will be moving to the suburbs.   In San Diego, we are still seeing millennials making the decision to rent Class B and Class A apartments near the urban core.   #SanDiego #RealEstate   #CRE
http://fortune.com/2016/03/28/millennials-leaving-cities/

California legislators are considering increasing the State's minimum wage to $10.50 an hour next year and then...

California legislators are considering increasing the State's minimum wage to $10.50 an hour next year and then gradually to $15.00 an hour by 2022.  For urban areas this will allow minimum wage earners to cover basic expenses. What is interesting about this statewide initiative is that there are rural parts of California where this wage would clearly be above market and harm local employment opportunities.  
http://www.latimes.com/local/lanow/la-me-ln-california-s-15-minimum-wage-gamble-brings-risks-and-potential-rewards-20160328-story.html

The pressure is now on for local government planners to deal with the tiny house movement. #SanDiego

The pressure is now on for local government planners to deal with the tiny house movement.  #SanDiego
http://www.sandiegouniontribune.com/news/2016/mar/18/escondido-woman-plans-tiny-home-community

According to the Union Tribune San Diego County had a net loss in domestic migration over the past year of 9,370...

According to the Union Tribune San Diego County had a net loss in domestic migration over the past  year of  9,370 (From July of 2014 to July of 2015 more residents packed up and left compared with those who moved into San Diego County).  A lack of affordable entry level housing and high rents are considered to be the causal factors, because the real estate market has recovered faster than the employment market and local wages.  When you stack health care costs on top of the local housing costs it exceeds the feasibility break point for modest wage earners.   #SanDiego
http://www.sandiegouniontribune.com/news/2016/mar/24/net-migration-census/

Prospect Now has set up an Interesting new prospecting portal for commercial and residential realtors.

Prospect Now has set up an Interesting new prospecting portal for commercial and residential realtors.
#RealEstate
https://www.prospectnow.com/commercial-building-owners-demo/

The City of San Diego is rolling out a new web site this week.

The City of San Diego is rolling out a new web site this week.   See the attached link for all the new features.   #SanDiego   #RealEstate
http://www.kpbs.org/news/2016/mar/13/san-diego-debuts-new-city-website/

The Case Shiller real estate Index has released its year end numbers for 2015.

The Case Shiller real estate Index has released its year end numbers for 2015.  San Diego County started the year in January at 207.89 and increased to 218.61 by December of 2015.  The change in the index was 10.72, indicating a 5.16% increase for 2015.   #CRE #SanDiego #RealEstate
https://research.stlouisfed.org/fred2/graph/fredgraph.png?g=3zf5